Scott & Selber Inc. Takes Position in Mcdonald’s Corp (NYSE:MCD)
Scott & Selber Inc. acquired a new stake in shares of Mcdonald’s Corp (NYSE:MCD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,000 shares of the fast-food giant’s stock, valued at approximately $208,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in MCD. Litman Gregory Asset Management LLC bought a new position in shares of Mcdonald’s in the second quarter worth $27,000. Atlas Capital Advisors LLC boosted its holdings in shares of Mcdonald’s by 330.3% in the second quarter. Atlas Capital Advisors LLC now owns 142 shares of the fast-food giant’s stock worth $29,000 after acquiring an additional 109 shares during the period. Aspire Private Capital LLC bought a new position in shares of Mcdonald’s in the fourth quarter worth $32,000. Westside Investment Management Inc. bought a new position in shares of Mcdonald’s in the second quarter worth $34,000. Finally, Canton Hathaway LLC bought a new position in shares of Mcdonald’s in the first quarter worth $35,000. 68.21% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on the company. Wells Fargo & Co raised their price target on Mcdonald’s from $235.00 to $237.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Morgan Stanley raised their price target on Mcdonald’s from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. BTIG Research raised their price target on Mcdonald’s to $220.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Jefferies Financial Group raised their price target on Mcdonald’s from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Finally, Zacks Investment Research raised Mcdonald’s from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Eight equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $220.23.
Mcdonald’s (NYSE:MCD) last released its quarterly earnings results on Friday, July 26th. The fast-food giant reported $2.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.06 by ($0.01). Mcdonald’s had a net margin of 28.32% and a negative return on equity of 92.02%. The firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.34 billion. During the same quarter in the previous year, the business earned $1.99 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. As a group, analysts anticipate that Mcdonald’s Corp will post 8 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $4.64 dividend on an annualized basis and a yield of 2.12%. Mcdonald’s’s payout ratio is 58.73%.
In other Mcdonald’s news, EVP Silvia Lagnado sold 26,649 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $212.58, for a total transaction of $5,665,044.42. Following the sale, the executive vice president now owns 40,129 shares in the company, valued at $8,530,622.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ian Frederick Borden sold 4,149 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $199.22, for a total value of $826,563.78. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.
Mcdonald’s Company Profile
McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.
Featured Article: What are the benefits of a portfolio tracker?
Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mcdonald’s Corp (NYSE:MCD).
Receive News & Ratings for Mcdonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mcdonald's and related companies with MarketBeat.com's FREE daily email newsletter.